Real Estate News – September 26, 2012





Upbeat recent figures from two of the largest U.S. homebuilders suggest the housing market is firming, marking progress in an industry that has lagged the nation’s broader recovery (via Forbes.com): http://ow.ly/dXMIP


Here’s some encouraging news for condominium unit owners, sellers and buyers: The biggest source of funding for low-down-payment condo mortgages, the Federal Housing Administration, has revamped controversial rules that caused thousands of buildings across the country to lose their eligibility for FHA financing (via latimes.com): http://ow.ly/dXMRk


Couple claims Bank of America would only modify terms of mortgage if they kept quiet (via middletownpress.com): http://ow.ly/dXMZo


Government Proposes Simplified Mortgage Disclosure Forms (via HuffingtonPost.com): http://ow.ly/dXN5O


In foreclosed homes, it’s not uncommon to find belongings the previous owner left behind, such as furniture, clothes, or piles of trash. But a foreclosure in Dayton, Ohio, gave police possibly one of their most shocking finds yet — boxes containing the cremated remains of 56 people (via REALTORMag): http://ow.ly/dXNbX


Bank of America Corp.’s Countrywide Financial unit asked a judge to throw out claims for “billions of dollars” in damages by the Federal Housing Finance Agency for mortgage-backed securities bought by Freddie Mac and Fannie Mae (via Businessweek.com): http://ow.ly/dXNhk



 

Posted in Blog, Real Estate Law